Bitcoin trading volume and exchange fees dive amid Beijing’s ongoing crackdown in the name of financial stability

Source: China – South China Morning PostBitcoin trading volumes are continuing to plummet in response to pressures from a cryptocurrency crackdown in China, the location of most of the world’s bitcoin mining capacity, amid a bearish market for the most widely used cryptocurrency.Daily trading averages fell to US$34.8 billion in the first eight days of June, a sharp decline from the record US$67 billion last month and the lowest for any month since last December according to CoinDesk Research.The average bitcoin transaction fee – the…Read More

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